Raise Financial Services is a technology company.
Raise Financial Services has raised $148.0M across 2 funding rounds.
Raise Financial Services has raised $148.0M in total across 2 funding rounds.
Raise Financial Services has raised $148.0M in total across 2 funding rounds.
Raise Financial Services's investors include BEENEXT, Girish Mathrubootham, Kunal Shah.
Raise Financial Services is a Mumbai-based fintech company founded in 2021 that builds technology-led financial services, primarily through its flagship stock trading platform Dhan, targeting new-generation investors in Tier 1 and Tier 2 cities in India.[1][2][3][4] It serves retail traders and investors with tools for seamless trading, investing, market analytics, financial education, and AI-driven insights, solving problems like accessibility, reliability, and transparency in wealth creation amid shifting savings toward financial markets.[2][3] The company has raised over ₹1,188 Cr ($142M+ total funding), including a $120M Series B in 2025 valuing it at $1.2B—making it a unicorn—with FY25 revenues at ₹900 Cr (up from ₹380 Cr in FY24) and profitability since FY24.[1][2][3] Its portfolio includes ScanX (market research), Upsurge (financial learning), Filter Coffee (Gen Z content), and Fuzz (AI insights platform).[2]
Raise Financial Services was founded in 2021 by Pravin Jadhav (CEO), Alok Pandey, and Jay Prakash Gupta (also listed as Mahip Gupta in some records), starting as a wealth management startup in Mumbai (Thane HQ noted elsewhere).[1][3][4][6] The idea emerged to reimagine investing for India's next generation by combining access, reliability, and transparency, launching Dhan as a comprehensive stock broking platform with mobile/web apps, Option Trader, TradingView integration, and APIs for algo traders.[2][3] Early traction built quickly: a $22M Series A in 2022 (valuation $125M) led by BEENEXT, followed by cash-flow positivity within three years, 16 quarters of market share gains, and unicorn status via 2025's $120M round despite SEBI's tighter broking regulations.[2][3]
Raise rides India's fintech boom, where retail participation in equities surges as household savings shift from traditional assets to markets, fueled by digital adoption in Tier 1/2 cities.[3] Timing aligns with post-pandemic trading growth and SEBI reforms tightening options broking—Raise's compliance-led, tech-driven model gains share amid volatility.[2][3] It influences the ecosystem by democratizing advanced tools (AI insights, APIs) for Gen Z/millennials, powering wealth creation from "first trade to lifelong investing," and joining 2025 unicorns like Netradyne amid rising AI/fintech valuations.[2][3]
Raise's unicorn milestone positions it to aggressively expand Dhan, AI via Fuzz, and new investing products, targeting deeper penetration in India's $5T+ wealth management opportunity.[2][3] Trends like AI personalization, regulatory evolution, and retail investor growth (despite SEBI curbs) will shape its path, with potential for global API exports or adjacent services. Its profitability and 10x scaling signal sustained influence, redefining fintech from trading apps to full-stack intelligent platforms—cementing Raise as a leader in India's investing renaissance.[2][3]
Raise Financial Services has raised $148.0M across 2 funding rounds. Most recently, it raised $120.0M Series B in October 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2025 | $120.0M Series B | BEENEXT, Girish Mathrubootham, Kunal Shah | |
| Jan 1, 2022 | $28.0M Series A | BEENEXT, Girish Mathrubootham, Kunal Shah |